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🏡 Changes Ahead for Homeowners 🏡

🏡 Changes Ahead for Homeowners 🏡

The new One Big Beautiful Bill Act (OBBBA) locked in some important rules around mortgage interest and insurance:

  • Mortgage interest is capped at loans up to $750,000 (unless you’re grandfathered in with an older loan).
  • Starting in 2026, you may be able to deduct mortgage insurance premiums—but only if your income is under certain limits.
  • Older “grandfathered” mortgages (from before late 2017) can still qualify for the higher $1 million cap.

⚖️ Planning Opportunities
Homeowners who itemize can benefit from strategic tax planning—stacking mortgage interest with SALT and other deductions (including senior bonus deductions)—to maximize their tax outcome.